Latest Nigeria Business News
Chairman, Senate Committee on Appropriation, Senator Jibrin Barau, on Friday disapproved of holding budget defence sessions in secret by some committees. Senator Barau, who gave this indication while answering questions from Senate correspondents in Abuja, said budget defence sessions are meant to be conducted in the open and not secret or closed-door sessions. He said the […]
President Muhammadu Buhari has congratulated Sir Kensington Adebukunola Adebutu on the conferment of the title ‘‘Odole –Oodua’’ October 19, 2019, by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Arole Oodua – Ojaja II. The President, according to a statement by the Special Adviser on Media and Publicity, Chief Femi Adesina, felicitated with family members, friends […]
Governor Aminu Bello Masari of Katsina State on Friday at the government house urged the military to go after unrepentant bandits who refuse to embrace the current olive branch offered by the state government to enthrone peace and tranquility in the state. Masari, who made the call while receiving a delegation of military chiefs led […]
The Central Bank of Nigeria (CBN) will soon sanction banks and their customers diverting agriculture and Bank of Industry (BoI) loans to government securities, The Nation has learnt. Some banks and their customers are being investigated by the apex bank over shady deals intended to game the loan to deposit ratio (LDR) policy to their advantage. Speaking […]
LABOUR and the Federal Government last night reached an agreement on the consequential adjustment to the salaries of senior civil servants towards the full implementation of the new minimum wage. The agreement, after two days of talks, ended the strike threat. In addition to Federal Government workers on Levels 1-6, who already enjoy the N30,000 […]
President Muhammadu Buhari on Thursday approved the release of N10billion intervention fund to upgrade the Akanu Ibiam International Airport in Enugu. This was announced hours after a meeting with Southeast governors and leaders from the zone at the Presidential Villa in Abuja. The President made the announcement in a post on his official Twitter handle […]
THE Senate on Thursday directed the Acting Managing Director, Niger Delta Development Commission (NDDC), Dr Enyia Akwagaga, to appear before it next Tuesday. Senate Committee on Public Accounts Chairman Matthew Urhoghide gave the directive following Akwagaga’s absence at a hearing on the award of N65 billion contracts. The contracts were awarded between 2017 and this […]
Oyo State Governor, Mr. Seyi Makinde, has said that the security challenges confronting the people of the Southwest will soon be a thing of the past as governors in the region are working on the launch of a joint security outfit codenamed: “Amotekun” soon. He said the decision to launch the joint security outfit was part of […]
Troops of the Nigerian Army on Operation Thunder Strike have killed one bandit said to be a kidnapper on Kaduna-Abuja highway. The troops also rescued three villagers abducted from their farms on Wednesday in Maro village along the highway. Deputy Director Army Public Relations, 1Division Nigerian Army Kaduna, Col. Ezindu Idimah disclosed these to newsmen […]
The International Monetary Fund (IMF) yesterday asked the Federal Government to fight corruption and ensure that the wealth of the country is used to serve the citizens. IMF Managing Director, Kristalina Georgieva, who disclosed it at the ongoing IMF/World Bank Annual Meetings in Washington D.C said Nigeria matters not only to the country, but to the entire […]